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Nov 24, 2009 9:00am EST
. lisa meyers following this one closely. >>> this study was done by experts at harvard law school and is appropriate titled wages of failure. the top five executives of bear stearns and lehman brothers. it found since 2000, top executives sold mountains of stock. and top bear stearns executives cashed out $1.4 billion, and top executives of lehman about $1 billion. when the companies collapsed, their ceo's lost $9 million worth of stock. and the ceos still came out ahead of the game. and james cayne came out with millions, and investors and employees of the two firms obviously did not do so well. thousands of employees lost jobs and many investors lost everything. and as you know, both men denied wrong doing and said their firms were swept under by a financial tsunami. cayne did apologize to the investors, and the other says he wakes up every night thinking what could i have done differently? >> thank you. we are learning more and more about things we already know. top executives at the bank, winding up at the ban sxk paying themselves out. the banks are lending money they don't have
Search Results 0 to 0 of about 1